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Posted on: Sept. 14, 2018, 7:01 a.m.
The Securities and Exchange Commission has taken its first-ever enforcement action for an investment company registration violation by a hedge fund manager based on its investments in digital assets. The SEC has issued a ‘cease and desist’ order against cryptocurrency investment firm Crypto Asset Management (CAM) for offering a fund that falsely marketed itself as the “first regulated crypto asset fund in the United States.” CAM and Enneking agreed to the SEC’s cease-and-desist order and censure without admitting or denying ... Full investment news article